Variable vs. Fixed Rates – Beyond the numbers

Posted by admin on February 28th, 2011 and filed under best mortgage | No Comments »

As the debate on which one will save you money continues, variable rate or fixed rate mortgages, many are neglecting a very important factor in the decision making process. This is most applicable for first time homebuyers. What did you take and how did you decide? I would love to hear your comments.

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Tucson Home Mortgage Update 2-23-11

Posted by admin on February 28th, 2011 and filed under home mortgage | No Comments »

http://www.tucsonmortgageblog.com Todd Abelson’s Tucson Home Mortgage Update

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Life in the Carolinas interview of Brian Endres of Home Mortgage Solutions

Posted by admin on February 28th, 2011 and filed under first mortgage | 9 Comments »

Life in the Carolinas host Carl White interviews Brian Endres of Home Mortgage Solutions about the mortgage outlook for 2011. You’ll be glad to hear some positive news about the housing and mortgage industry in the Carolinas as well as some tips for getting your next mortgage or for refinancing your existing mortgage.

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Woodbridge Mortgage Lender Believes Credit Scoring System Sucks!

Posted by admin on February 28th, 2011 and filed under mortgage | No Comments »

The credit scoring system sucks when buying a home. The main three reasons “Your Woodbridge Mortgage Lender”(queenofmortgages.com) states this are the following:
1.) Three scores are all different and can vary greatly
2.) Outdated information and errors on 79% of all reports
3.) FICO scoring algorithims penalize you if you have high credit utilization

If you need help with credit scores and buying a home in Woodbridge,VA visit my website www.queenofmortgages.com/getmortgageready.htm

Original article posted at www.woodbridgemortgagenews.com

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NEWS: Two Atlanta Megachurch Leaders Linked To Mortgage Scam [Eddie Long/Gary Hawkins]

Posted by admin on February 28th, 2011 and filed under ga mortgage | 25 Comments »

Company Promises Lower Mortgage Payments | http://www.cbsatlanta.com/news/25133432/detail.html | CBS Atlanta News has found Bishop Eddie Long and another local megachurch leader, Gary Hawkins, are linked to a questionable mortgage venture that is being investigated by the feds. CBS Atlanta was the first to report on Matrix Capital’s long list of victims. The company promised to lower people’s mortgages for $1,500 upfront. Police say thousands of homeowners paid Matrix money, but according to investigators, most of them ended up in bankruptcy and losing their homes.

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If I just refinanced my home mortgage, can I finance a new investment property soon after?

Posted by admin on February 27th, 2011 and filed under home mortgage | 3 Comments »

I just refinanced my home last month and got a much lower rate and payment. Of course, this means my mortgage was paid off and a new loan was initiated. Does this affect my credit in a way that would hamper me being approved for a mortgage on a new investment property?

Yes it could. Basically the bank is going to review your credit with the house that you just bought taken into consideration. The banks may ask you for a bigger % as a down payment because it is considered an investment property. If you have everything lined up and your debt to income ratio is where it needs to be then you should be fine in buying another home. If you dont have the $ for your down payment or if your past your ratio then the bank will see that your too much of a risk to lend for a second home.

UWM’s LO Compensation

Posted by admin on February 26th, 2011 and filed under wholesale mortgage | No Comments »

UWMcohttp://gdata.youtube.com/feeds/api/users/uwmcoEducationUWM, 2, 22, 11UWM’s LO Compensation

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Member First Mortgage invites you to the 2011 MCUL AC&E

Posted by admin on February 26th, 2011 and filed under first mortgage | No Comments »

Click for more information: http://www.mcul.org/MCUL_2011_Annual_Convention__Exposition_2917.html

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Avoid Becoming A Victim Of Greedy Mortgage Lenders

Posted by admin on February 26th, 2011 and filed under mortgage lender | No Comments »

Greedy lenders are any person that takes benefit of homeowners & their mortgages. Greedy lenders charge extreme fees for their services or force home owner to purchase products or services they do not need. You can save yourself problem & annoyance along with thousands of dollars by avoiding becoming a sufferer of greedy lending practices. Here are instructions to help you blemish a greedy mortgage lender. Extreme mortgage origination fees & points are one sign of greedy lending practices. Loan lenders try & disguise these fees by funding them as part of the mortgage. No closing cost loans are one instance of this type of scam. Finance lenders divert you with the fact that youll not have to give fees at closing; the lender then marks up the interest rate or staple fees onto the mortgage principal. Honest finance lenders usually charge around 1% of the mortgage amount for these fees. Greedy lenders charge as much as 6% or more. This is the reason youve to overpay thousands of ponds over the term of your loan. Excessive down payment penalties are one more sign of greedy lending practices. Most loans today dont charge down payment penalties. Many bad credit loans lenders add prepayment fine to their loan agreements. A number of of these penalties are the equivalent of 6 months of interest payments. These fees make significant income for sheltered mortgage lenders when the home owner refinances the loans. Loan broker bribes are another fee you must be wary of. Loan lenders will frequently give the points you give to the broker as a bonus. Some dealers refer loans at a higher interest rate in order to get a commission from the lender. These unnecessary fees as bribe to an untruthful mortgage broker can cost you hundreds of ponds. Any lender that necessitates a homeowner to buy services or insurance products for example life insurance to qualify for sanction is guilty of greedy lending practices. This comprises requiring the homeowner to agree to quarrel arbitration. Agreeing to adjudication limits homeowners lawful rights & favors the lender. Avoid any loan lender that necessitate dispute adjudication or necessitate you to buy additional services to be eligible. By humanizing yourself to identify pressure sales tactics & predatory lending practices you can defend yourself from becoming a sufferer. There are truthful mortgage lenders; though, you need to study the warning signs to avoid taking the mortgage help from dishonest lenders.

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Best Mortgage Lenders

Posted by admin on February 26th, 2011 and filed under mortgage lenders | No Comments »

http://bestmortgagelenders.biz Best Mortgage Lenders Compare online lender to your local lender to find the best mortgage lenders

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